News Archive

Pembina Pipeline said its bought-deal offering of 11.2 million common shares at $30.80 each raised gross proceeds of $345 million. It also sold $200 million principal amount in 4.75% senior...

Resolute Energy Corporation launched a secondary offering of 13.25 million of its common shares, with certain selling shareholders offering 3.00 million additional Resolute common shares all at...

EOG Resources (EOG; $135.69-May 7; Accumulate; PT: $125)EOG Q1 quick look-Solid. We were expecting a beat and EOG still blew past our numbers. Fine-tuned Eagle Ford machine drives sick Q1 EPS...

Upgrades:• Basic Energy Services Inc. (BAS/$14.30/$8.52/$16.60/$571.49M) from Accumulate to Buy by Global Hunter Securities.• CGG Veritas...

Australia-listed Buccaneer Energy Ltd. signed a farm-in deal to earn 100% WI in the deep oil rights on ConocoPhillips’ 23,368-acre North Cook Inlet unit offshore Alaska. The farm-in area will be...

On May 9, PVR Partners LP closed the sale of $400 million principal amount of 6.5% senior notes due 2021 at par. The offering was upsized from $300 million. PVR will use net proceeds to repay a...

On Wednesday, May 15 in Houston, oil and gas buyers, capital providers and explorers will gather at the Hyatt Regency to view the industry’s latest offerings and hear from experts on the upstream...

First quarter 2013 results at some of Canada’s largest energy companies were hit hard by lower crude prices and continuing weak gas prices. Talisman Energy reported a net loss of $213 million in Q1...

Although PetroFrontier Corp. expects to have adequate funding for general operations and to meet minimum work requirements for its operations in the Northern Territory of Australia for the next...

I was asked one time if the chicken or the egg came first and I had no idea. But I can tell you that in the exposition business the eggs (exhibitors) come first because without “content” a...

Calgary-based Surge Energy agreed to sell a fellow Canadian producer non-core, primarily non-op oil producing properties in North Dakota for $42.75 million. The assets in the Williston Basin produce...

Besides a wide variety of assets to view, next week’s PLS Dealmakers Prospects & Properties Expo in Houston will feature an “Energy Capital 101” session with presentations by three upstream...

Analysts expect Apache’s Gulf of Mexico assets to be a major part of the company’s recently doubled divestiture goal to $4.0 billion, which it plans to use to buy back shares and reduce debt....

QEP Resources (QEP; $28.71-April 30; Outperform; Range: $40-$44)In the 10-Q, QEP said it plans to file a registration statement in Q2 and outlined plans to contribute a majority of Wyoming...

Apache Corp. said it plans to divest $4.0 billion in assets this year, with $2.0 billion in proceeds from the selloff going to reduce debt and “enhance financial flexibility” and the other $2.0...

Osage Resources is offering its producing and undeveloped assets targeting the Mississippian and Woodford in Barber Co., Kansas. The leasehold is wholly operated by Osage and consists of 18,711 net...

Despite some calls for a higher bid price, both Plains and Freeport-McMoRan both reaffirmed the previously announced terms of their planned $17.2 billion merger (which includes $10.3 billion in...

• Northern Tier Energy LP announced and priced a 12 million-unit public offering priced at $26.28/unit. All units are being sold by Northern Tier Holdings LLC, and the LP will receive no proceeds....

• Approach Resources reported Q1 production of 8,400 boepd, up from Q4’s 7,900 boepd. EBITDAX for Q1 was $24.4 million, up from Q4’s $20.6 million. The company continues to drive down well...

• Chesapeake won an expedited trial against Bank of New York Mellon regarding whether it gave sufficient notice for an early call of $1.3 billion 6.775% in notes. Chesapeake sought to...

• US Capital Advisors has made a $24.1 million preferred equity investment in newly formed and privately held Badger Midstream Energy LP. Funding stemmed from USCA clients, Badger’s GP and an...

• Gastar Exploration announced plans for a private placement of $200 million in senior secured notes due 2018, subject to market and other conditions. Proceeds will finance the company’s Mid-Con...

• Miller Energy Resources may realize net proceeds of up to $10.35 million from a public offering of 500,000 of its 10.75% Series C cumulative redeemable preferreds at $22.25 each launched on May 7...

• ION Geophysical said it will offer up to $175 million in senior secured second lien notes due 2018. The Company will use net proceeds to repay existing debt and for general corporate...

• Antares Energy agreed to sell its 6.25% WI in the non-core Hawkville Eagle Ford project to an unidentified buyer for $10 million. Located in northwest McMullen Co., Texas, the BHP...

• Amarok Energy has granted ~6.7 million stock options to directors, officers, employees and consultants of the company at an exercise price of $0.31 per share pursuant to its 10% rolling stock...

• Arsenal Energy has entered into an agreement with Casimir Capital on a bought deal private placement of ~3.8 million flow-through common shares at $0.54 each for gross proceeds of ~$2 million....

• Jim Ellis has been named CEO of the new Alberta energy regulator. Ellis has served as deputy minister of Alberta’s energy and environment departments.• Artisan Energy appointed Robin...

• Athlon Energy hired Bob Gindrat as director of A&D. He previously served as acquisitions manager for Denbury Resources and Encore Acquisitions.• Eclipse Resources Operating hired...

• Ascent Resources agreed to divest its 48.66% interest in PetroHungaria Kft to DualEx Energy International, Swede Resources and Geomega for US$585,135 in cash. Through PetroHungaria, Ascent holds...